Kadena / TetherLong
KDA REVERSE HEAD AND SHOULDER PATTERN AND BREAKOUT
- Reverse Head and shoulder clearly formed on the 4h followed by a breakout.
- Major resistance to break at 14$, we have been rejected 3 times now.
- in my opinion, the first 2 touches were just a false breakout.
- I'm confident and optimistic that this time KDA will break the 14$ resistance and the next target will be 18$. (ALWAYS KEEP AN EYE ON BTC THO).
- Bull flag formation.
- Increasing in volume in kucoin is another good indicator, however, it could retest 9$.
NOT FINANCIAL ADVICE
- Major resistance to break at 14$, we have been rejected 3 times now.
- in my opinion, the first 2 touches were just a false breakout.
- I'm confident and optimistic that this time KDA will break the 14$ resistance and the next target will be 18$. (ALWAYS KEEP AN EYE ON BTC THO).
- Bull flag formation.
- Increasing in volume in kucoin is another good indicator, however, it could retest 9$.
NOT FINANCIAL ADVICE
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